The full-year net loss was $125.3million (EUR144.8m) compared with $66.1m (EUR76.4m) in 2000. Worldwide revenues for the year decreased by three percent to EUR977.2m ($845.1m) or up one percent if not considering sales of those subsidiaries discontinued at the end of 2000 and the disposal of Dorotennis.
"Fila is implementing dedicated plans to better face and recover from the critical economic and financial situation and from sales difficulties in some markets," said Fila chief executive Marco Isaia.
"We are facing different scenarios in the different geographic areas. Europe, Latin America and Oceania confirmed the negative trend, already registered in the previous quarter. On the other hand, the US appears to be recovering from the slowdown that began with the September events, and also showed a good performance in terms of backlog. Finally, Korea keeps on growing at a very healthy pace, as a confirmation of the strength of the brand in that country."
The New York stock market-listed company has also announced the appointment of Mario Magenes as a company director.
